Commitments and Contingent Liabilities (Tables)

9 Months Ended

Sep. 30, 2021

PSEG Power [Member]

Loss Contingencies [Line Items]

Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions

The following table shows the face value of PSEG Power’s outstanding guarantees, current exposure and margin positions as of September 30, 2021 and December 31, 2020.

	As of		As of
	September 30, 2021		December 31, 2020
	Millions
Face Value of Outstanding Guarantees	$	1,704	$	1,792
Exposure under Current Guarantees	$	245	$	128
Letters of Credit Margin Posted	$	85	$	128
Letters of Credit Margin Received	$	27	$	45
Cash Deposited and Received
Counterparty Cash Collateral Deposited	$	61	$	—
Counterparty Cash Collateral Received	$	(1)	$	(5)
Net Broker Balance Deposited (Received)	$	939	$	59
Additional Amounts Posted
Other Letters of Credit	$	40	$	42

Total Minimum Purchase Commitments

As of September 30, 2021, the total minimum purchase requirements included in these commitments were as follows:

Fuel Type	PSEG Power’s Share of Commitments through 2025
	Millions
Nuclear Fuel
Uranium	$	216
Enrichment	$	300
Fabrication	$	169
Natural Gas (A)	$	1,167

(A)Approximately $31 million of commitments for natural gas are expected to be transferred with the sale of PSEG Power’s fossil generation portfolio.

Public Service Electric and Gas Company [Member]

Loss Contingencies [Line Items]

Contract For Anticipated BGS-Fixed Price Eligible Load

	Auction Year
	2018	2019	2020	2021
36-Month Terms Ending	May 2021	May 2022	May 2023	May 2024	(A)
Load (MW)	2,900	2,800	2,800	2,900
$ per MWh	$91.77	$98.04	$102.16	$64.80

(A)Prices set in the 2021 BGS auction became effective on June 1, 2021 when the 2018 BGS auction agreements expired.